This deal reeks like there is a vindictive element to it. Looking at the trades on Commsec there was a consistent 500k on the sell being loaded everytime it was cleared. Why would you trade out for 100-200% gain when you could leak out slowly and get over 20cts?
Last couple of Cannacord Biotech trades I got in were v good - Next Science and AT1. I recall ACL had a similar iceberg seller who drive the price down until there was a massive xing to take out the seller and it rallied thereafter back above the $4 IPO level.
Outside of the 40m on the IPO there are only around 45m shares that are not locked up - so hopefully there is some a deal being done to take out the overhang so path is cleared for a re-rate. I'll be picking up some more tomorrow as this looks like a good trade, given its a technical overhang and not lousy fundamentals.
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- IPO - Biome Australia Limited - 30 November 2021 #
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Last
31.0¢ |
Change
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Mkt cap ! $65.97M |
Open | High | Low | Value | Volume |
29.0¢ | 31.0¢ | 29.0¢ | $15.33K | 50.04K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 21924 | 30.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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31.5¢ | 9109 | 2 |
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No. | Vol. | Price($) |
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1 | 21924 | 0.305 |
1 | 5500 | 0.300 |
1 | 3500 | 0.290 |
3 | 48592 | 0.285 |
7 | 132446 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.315 | 9109 | 2 |
0.325 | 6662 | 2 |
0.330 | 13319 | 2 |
0.340 | 81666 | 2 |
0.350 | 91834 | 2 |
Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Change
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